CME CF Bitcoin Volatility Indices
Get a clear view on forward-looking bitcoin volatility
Track market sentiment and forward-looking implied volatility with the CME CF Bitcoin Volatility Indices (BVX and BVXS), derived from CME Group options market data.
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Robust methodology
Calculated by applying a standard variance swap pricing model to isolate pure volatility exposure.
Transparent pricing source
Based on the combined data from our CFTC-regulated Bitcoin and Micro Bitcoin options order book.
Reliable benchmarks
Real-Time Indices are published every second during CME Group trading days, and Settlement Price is published once per trading day.
View index prices
BVX and BVXS are reliable, regulated benchmarks that measure market expectations of 30-day volatility to help participants generate actionable insights and navigate risk.
Understanding CME CF Bitcoin Volatility Indices
Watch how to measure the market's expectation of 30-day volatility in bitcoin, based on real-time order book data from Bitcoin and Micro Bitcoin options.
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Trade Bitcoin Volatility futures based on 30-day forward-looking implied volatility.
About CME CF Bitcoin Volatility Indices
Real-Time (BVX)
Once a second benchmark that measures the 30-day constant maturity implied volatility of bitcoin using a standard variance swap pricing approach.
Settlement (BVXS)
Once a day benchmark that is calculated as the average of six five-minute partitions, ensuring a smooth and replicable settlement rate.
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